This property looks like a bad Airbnb investment with a projected -17.47% first-year return on $110k initial cash invested.
-17.47%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$2,216
Rent
-$1,607
Cashflow
Cash Flow
$2,216 income − $3,823 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,216
Total Expenses
$3,823
Mortgage P&I
101%
$2,246
Property Taxes
16%
$359
Home Insurance
7%
$154
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554